Cryptocurrency Platform AEX launches a program to boost Vietnam’s crypto ecosystem.
Cryptocurrencies have more than just helped many people overcome economic crises in their countries; they have become a key figure in the global economy. As a result, more and more companies are looking to promote their use as a way to boost the regional and local markets.
On March 21, digital asset platform AEX announced the launch of a “green fund” to empower the crypto ecosystem in Vietnam. The endeavor will be backed by an initial $100 million investment.
AEX aims to support the development of DeFi, GameFi, and NFT projects taking place in Vietnam. To carry out this initiative, the company will invest in both upstream and downstream industries in the country. As such, any Vietnam-based company can apply for access to the $100 million fund.
$100M To Help Vietnam-based Blockchain Projects
According to the company’s press release, projects participating in the fund will have tremendous financial support, access to a database of more than tens of millions of users, and extensive financial management support to help them grow.
High-quality DeFi projects that meet AXE’s criteria will be eligible to receive immediate “liquidity” incentives as a reward for their performance. In addition, they will promote the development and creation of new quality projects through events and contests that will be held in the country this year.
“For projects that meet the selection criteria, AEX will follow the rules and regulations to prioritize listing support and recommend them to cooperative exchanges and friendly operators with an open and inclusive attitude.”
AEX Seeks to Become a World-class Crypto Bank
With more than one million registered users on the platform, AEX seeks to become not only a crypto asset platform but a world-class crypto bank.
According to market research conducted by the company, the demand for blockchain industries in Vietnam has increased by 140% over the past few years, attracting many investors and users to the world of cryptocurrencies.
According to a survey conducted last year by Finder.com in 27 different countries, Vietnam had the highest crypto adoption rate, with more than 40% of respondents having purchased cryptocurrencies.
Moreover, Finder.com reports that Vietnam ranks as the fifth country globally with the highest number of people eager to purchase NFT. This shows that the interest in the country for anything crypto related is big enough to be left out.
So even if Vietnam continues to have a love-hate stance towards cryptocurrencies and blockchain technologies in the same way as its neighboring country, China, sooner or later they must realize that —as many experts point out— cryptocurrencies are here to stay, and the sooner they are regulated, the sooner they will be able to take advantage of them.
All it takes is one politician to start the movement.
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